EX-12 2 d357903dex12.htm EX-12 EX-12

EXHIBIT 12

TENNECO INC. AND CONSOLIDATED SUBSIDIARIES

COMBINED WITH 50% OR LESS OWNED UNCONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(UNAUDITED)

 

     Six Months Ended
June 30,		  
       2012          2011    
     (Dollars in Millions)  

Net income attributable to Tenneco Inc.

    $ 117       $ 97   

Add:

      

Interest expense

      63         54   

Portion of rentals representative of the interest factor

      9         9   

Income tax expense

      39         44   

Noncontrolling interest

      14         12   

Amortization of interest capitalized

      2         2   

Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned

      1         —   

Earnings as defined

    $ 245       $ 218   
  

 

 

     

 

 

  

Interest expense

    $ 63       $ 54   

Interest capitalized

      2         2   

Portion of rentals representative of the interest factor

      9         9   
  

 

 

     

 

 

  

Fixed charges as defined

    $ 74       $ 65   
  

 

 

     

 

 

  

Ratio of earnings to fixed charges

      3.31         3.35   
  

 

 

     

 

 

  

 

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